Tag Archives: San Diego Union-Tribune

Los Angeles Times Sold To Trump Ally Pharma Billionaire

CNBC reports: Tronc said Wednesday it has struck a deal to sell the Los Angeles Times, The San Diego Union-Tribune and other titles in the California News Group to billionaire biotech investor Patrick Soon-Shiong. The agreement with Soon-Shiong, a major shareholder in Tronc and chief executive of NantHealth, includes $500 million in cash plus the assumption of $90 million in …

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